PORTLAND, OR—A 21-story, 284-unit, class A apartment building in Portland’s Central Eastside district has received $71.75 million in financing for its development. HFF worked on behalf of the borrower, a partnership led by locally based Guardian Real Estate Services and Key Development Corp., to arrange construction financing for the project. 

Financing for the project was structured through a senior construction loan and mezzanine financing. Block 67 is located at the intersection of NE 3rd Avenue and Burnside Street, just steps away from the Burnside Bridge.

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